press release

MACKINTOSH ON THE LAKE™ OFFERS RESIDENTS GREAT VALUE WITH
LOW HOME OWNER ASSOCIATION FEES

BURLINGTON, N.C., November 20, 2006 – Mackintosh on the Lake, one of Wakefield Development Company’s newest neighborhoods, boasts a multi-million dollar amenities package for its homeowners at a great value.

For just $55 a month, residents will enjoy a brand new 7,000 square foot clubhouse with an expansive gathering room and kitchen that can be used for private functions, a state-of-the art fitness facility with access to a sweeping verandah, a spectacular Aquatic Park featuring a Jr. Olympic pool, a family fun pool with a 120-foot slide, and an amphitheater and fire pit overlooking Lake Mackintosh, the first of its kind in a master-planned community in Alamance County.

“When homeowners come to Mackintosh on the Lake, they realize what an amazing value they are getting for their investment,” said Polly Jenkins, Senior Director of Marketing, Wakefield Development Company. “In this competitive real estate environment, we are proud to be able to offer our residents low HOA dues.”

Included in Mackintosh on the Lake’s home owners association fees are more than 80 acres of open space, 20 miles of tree-lined sidewalks, pocket parks, the first-ever dog park in a community in Alamance county, a private 10-acre lake, walking and fitness trails that inspire healthy living, tennis and basketball courts, sand volleyball, picnic areas and a playground where little ones can run and play.

For more information about the community, please contact the Mackintosh on the Lake sales office toll-free at (866) MAC-3900 or call (336) 524-9449 or visit the website at www.lakemackintosh.com.

About Mackintosh on the Lake

Mackintosh on the Lake, an exclusive master-planned community, is taking shape on 612 acres of rolling hills, open meadows, stream-fed ponds and groves of hardwoods in Burlington, North Carolina. The lakeside community features an assortment of homes nestled on the shoreline of the beautiful 1,100-acre Lake Mackintosh and boasts 2.5 miles of protected waterfront exposure. The community has a wide variety of home styles to fit just about every family’s lifestyle, from townhomes and mid-sized single-family homes to luxury custom estates. For more information on Mackintosh on the Lake please call toll-free (866) MAC-3900 or call (336) 524-9449. Or visit their website at www.LakeMackintosh.com.

About Wakefield Development Company

Wakefield Development Company is the Triangle’s largest developer of residential communities, with a portfolio that includes over 14,000 home sites throughout North Carolina. In addition to the 2004 and 2006 NCHBA Community of the Year Bedford at Falls River, the company has six other communities under development across the Raleigh-Wake County market, including Wakefield Plantation, Eagle Ridge, Edgewater and Twin Lakes. Wakefield is developing Mackintosh on the Lake in Burlington, and has begun construction on two new Triangle area communities, Renaissance Park and 12 Oaks. They also have begun work on two new Coastal Carolina communities, Kingfish Bay and San Rio Ocean and River Club. For more information, call (919) 556-4310, visit www.Wakedev.com.